RC AUDIT ASSURANCE POLICY “RAAP”
WHAT IS RAAP?
RAAP is the RC AUDIT ASSURANCE POLICY that provides peace of mind and significant cost savings compared to standard rates for IRS/FTB letter reviews and case discovery processes. Taxpayers should never have to navigate a tax audit process alone. Even when a tax return is filed accurately and in good faith, audits can happen. This policy ensures that our clients have professional backing and covered costs to the process if they are selected for an audit, regardless if it was the client’s mistake—minimizing stress, avoiding miscommunication with tax authorities, and reducing the risk of penalties or negative outcomes.
WHAT DOES RAAP COVER?
Unlimited first looks on IRS/FTB Letter Review and Guidance
Covers the review of any IRS or FTB letter issued regarding the applicable tax return even if the audit notice was the result of the client’s negligence/mistake.
Includes general instructions on how the client needs to respond to the IRS.
Without RAAP, the standard rates for initial audit letter assessment and general client guidance per notice are:
850 Mid-Level 1040 Tax Returns
1200 Complex 1040 Tax Returns
375 The Express Lane and Basic 1040 Tax Returns
With RAAP, any IRS/FTB audit letter initial review and unlimited letters are covered.
Discovery Process and Discovery Support for a Single Proposed Case
Individual Tax Returns – Covers from $4,050 up to $5,400 for the entire discovery process; or
Business Corporate Tax Returns – Covers up to $10,000 for the entire discovery process;
· Including:
Initial review of the case
Gathering documents and review of all proposed incurrences
Discuss potential outcomes
Discuss strategic and advantageous positions
First call with the IRS/FTB to discuss what they are probing and what they are proposing
Services beyond the initial discovery process and initial call with the IRS/FTB will require a retainer and will be invoiced under a new agreement. For more information, you may visit our Terms & Conditions on our website.
QUESTIONS?
Email us at guestservices@richardcolins.com with subject “RAAP - Tax Year - Full Name of the taxpayer the policy will cover” and one of our team members will reach out to assist you.